Examlex
Most developing-nation exports go to industrial nations, while most developing-nation imports originate in industrial nations.
Framing Effect
The tendency for people’s choices to be affected by how a choice is presented, or framed, such as whether it is worded in terms of potential losses or gains.
Potential Losses
Possible negative outcomes or detriments that could occur as a result of specific actions, decisions, or events.
Choices
The act of selecting between two or more possibilities, reflecting personal preference, values, or circumstances.
Availability Heuristic
The tendency to judge the probability of a type of event by how easy it is to think of examples or instances.
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